What is Hazzard Electrical?
Established in 1976, Hazzard Electrical has evolved from a family-owned enterprise into a critical service provider for the Metro-Richmond region. The company maintains a robust market position by delivering comprehensive electrical solutions, ranging from complex new construction projects to high-stakes renovations and ongoing facility maintenance. By prioritizing safety, regulatory compliance, and proactive system optimization, Hazzard Electrical serves as an essential partner for businesses requiring reliable power infrastructure. Their business model is anchored in long-term client relationships and a reputation for technical precision, which has allowed them to maintain steady growth despite shifting economic conditions in the construction and maintenance sectors.
How much funding has Hazzard Electrical raised?
Hazzard Electrical has raised a total of $522K across 2 funding rounds:
Debt
$150K
Debt
$372K
Debt (2020): $150K with participation from PPP
Debt (2021): $372K led by PPP
Key Investors in Hazzard Electrical
PPP
Public-Private Partnership
What's next for Hazzard Electrical?
The infusion of capital from the recent financing round positions Hazzard Electrical to accelerate its expansion into larger-scale commercial projects and potentially broaden its service footprint. As the firm transitions into this next phase of development, management is expected to focus on enhancing its emergency response capabilities and upgrading its fleet and diagnostic technology. By leveraging this strategic investment, the company is well-equipped to meet the increasing demand for energy-efficient electrical systems and smart-building integration, ensuring that Hazzard Electrical remains at the forefront of the regional electrical contracting industry for years to come.
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